Bank of America Predicts Oil to Hit $100 per Barrel in 2019

Bank of America Predicts Oil to Hit $100 per Barrel in 2019

Get ready for a spike in oil prices up to $100 a barrel – a level not seen since 2014 – in 2019, Bank of America Merrill Lynch analysts forecast. Bank of America Corp said Brent futures, trading as high as $78 on Thursday, are expected to reach $90 in the second quarter of 2019, depending on geopolitical developments and other factors, with a risk it could hit as much as $100 per barrel.

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